MARKET OVERVIEW:

Biorational Market was worth USD 4.1 billion in 2019 and estimated to be growing at a CAGR of 21.71%, to reach USD 10.9 billion by 2024. Biorationals are essentially insecticides that are effective against the target but are not very harmful to natural enemies. These products are generally derived from natural sources such as plant extracts, insect’s pathogens, etc.

DRIVERS & RESTRAINTS OF THE MARKET:

• The implementation of a pest management system should stimulate the market during the forecast period.
• The increased need for biobased products is arisen due to concerns like usage of synthetic pesticides leave residues of chemicals on crops & it can be harmful by altering the endocrine system of the body. Many conventional pesticides are withdrawn from the market, which stimulates the growth of the bioration market.
• Demand for organic food products has also increased, fueling market growth.
• However, people are still unaware of biorational products and their use, which could be a barrier to market growth.

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REPORT SEGMENTED AS:

Based on Product:

• Botanical products
• Microbial pesticides
• Semiochemicals
• Other rational products

Based on Crop Type:

• Grains& oil seeds
• Fruits & vegetables
• Other crops

Based on the Method of Propagation:

• Foliar spray
• Seed treatment
• Soil treatment
• Others

GEOGRAPHICAL SEGMENTATION:

Geographically, the Global Biorational Market is segmented into North America, Europe, Asia Pacific and Rest of the World. North America is the market leader followed by Europe. Asia-Pacific is anticipated to record substantial growth over the forecast period.

KEY MARKET PLAYERS:

• Koppert B.V.
• Marrone Bio Innovations
• Monsanto Company
• The Dow Chemical Company
• Gowan Company LLC
• Valent U.S.A. Corporation
• Russell IPM limited
• Agralan limited
• Monsanto Company
• Gowan Company LLC
• Suttera
• Syngenta
• BASF SE
• Isagro S.P.A
• Bayer AG

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THE SCOPE OF THE REPORT:

The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with huge growth potential identified and debated.

The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis of prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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